Monthly Archives: September 2007

China Down Payment is Higher Than United States

The People Republic of China has raised home mortgage interest rates and increased the down payment required for home loans to finance the purchase of second homes, the Chinese central bank said in a published public notice seen Friday, September … Continue reading

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Everything is OK – Call Today for Your Mortgage Loan

According to the mortgage industry as reported by the Washingto post the mortgage industry is doing just fine. They wrote today that the term “mortgage meltdown” has become so common — on TV, in headlines and in casual conversations — … Continue reading

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30 Year Fixed Rate Up This Week

The United States 30-year fixed rate mortgage national average was 6.42% for the week ending September 27, which is higher than last week’s 6.34% and higher than the 30 year fixed rate of 6.31% a year ago. Chicago Market watch … Continue reading

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House Prices Down Except in L.A. County

The Los Angeles Times reported today that there were a number of United States and California reports released on Tuesday, September 24, 2007 that foretold of worsening housing conditions for the already distressed home markets in California and the nation … Continue reading

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Another Subprime Lender Gone!

California Home Loan Blog has learned through the Reuters website in an article written by Tim McLaughlin and Michael Flaherty that Nationstar Mortgage, the subprime mortgage lending unit of Fortress Investment Group LLC, said it is no longer accepting new … Continue reading

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